Examlex
Identify and state the historical significance of the following:
-Organization of Petroleum Exporting Countries (OPEC)
Microchips
Small semiconductor devices that contain integrated circuits used for various types of electronics and devices.
Equilibrium Price
The equilibrium price where the supply of items perfectly aligns with the demand for them in the marketplace.
Computers
Electronic devices designed to accept data, perform prescribed mathematical and logical operations at high speed, and display the results of these operations.
Production Costs
The total expense incurred in manufacturing goods or providing services, including labor, materials, and overheads.
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